Wangsu Tech's second restricted stock vesting boosts liquidity

Wangsu Science & Technology's 2023 Restricted Stock Incentive Plan has reached its second vesting period, with 15,380,000 restricted shares set to be listed and circulated on September 24, 2025. These shares represent 0.6289% of the company's total share capital before vesting and are being vested at a price of CNY 2.87 per share. A total of 231 incentive recipients are involved in this vesting.

The vested shares originate from two sources: 1,662,790 shares were repurchased A-share ordinary stock, utilized by seven incentive recipients, while 13,717,210 shares were newly issued A-share ordinary stock, utilized by 225 incentive recipients. The company’s board of directors and supervisory board confirmed that all vesting conditions were met. The proceeds from this vesting will be used to supplement the company's working capital.

Following this vesting, the company's total share capital remains unchanged at 2,459,449,777 shares, as the newly issued shares counterbalance the use of repurchased stock. This transaction is expected to affect basic earnings per share and return on net assets, with the specific impact to be detailed in the annual audit report.